Manual Trades based on Technical Analysis.

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Hello Guys will be posting my trades based on tecnical analysis here. Went long on GJ and closed those longs for now. Short entries will be in 142.20 to 142.70 area based on fibb calculation. Please see charts:

Files:
gbp-gpy.gif  34 kb
 
prashant:
Hello Guys will be posting my trades based on tecnical analysis here. Went long on GJ and closed those longs for now. Short entries will be in 142.20 to 142.70 area based on fibb calculation. Please see charts:

Thanks.

I just moved your thread to a better section.

 
Linuxser:
Thanks. I just moved your thread to a better section.

Thanks Linuxuser, was not sure where to post.

 

Still holding Shorts

I am still holding shorts from 142.70. See the attached Chart once price opens below the lower resistance line I think it will be good opportunity to short again. EJ looks like good short too.

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gbp-gpy.gif  33 kb
eur-jpy.gif  26 kb
 
prashant:
I am still holding shorts from 142.70. See the attached Chart once price opens below the lower resistance line I think it will be good opportunity to short again. EJ looks like good short too.

For new GJ shorts please take it only after price open below 142.90. EJ is bit trick. As per Fibo level it can reach 125.95, but currently it has open below resistance line. SO if shorted use tight Stop loss.

 

Looks good to short now

Looks good for short now SL around 143.40. 1st support is 142.50 (EMA100).

141.70 is next.

Files:
gbp-gpy_1.gif  34 kb
 
prashant:
Looks good for short now SL around 143.40. 1st support is 142.50 (EMA100). 141.70 is next.

Ok So yesterday Short on GJ got stopped out but Short on EJ working out good. I closed part at 124.35 still holding other lot. GJ I still feel will go down. Will sit aside and look for more perfect entry.

 
prashant:
Ok So yesterday Short on GJ got stopped out but Short on EJ working out good. I closed part at 124.35 still holding other lot. GJ I still feel will go down. Will sit aside and look for more perfect entry.

Closed EJ, just want to concentrate on GJ now. Shorted small lot at 143.95 a break below 142.90 is required to confirm downward movement. It might still come back and try 143.80 again, but I am looking for a big drop. If shorting adjust ur SL accordingly. I will attach charts tomorrow.

 

Trade Analysis

So as expected GJ bounced off 100EMA yesterday and reached 143.80 area I mentioned yesterday, infact it reached 144. My short entry triggered at 143.80 and took its first target at 142.60 Hope to reach the final target in 140 area. But will take time. See attached chart for analysis.

Files:
gbp-gpy_2.gif  37 kb
 

New shorts

If anyone want to open new shorts retrace to 143.40 to 143.70 area will be good to enter again if it reaches there. Sl should be price open above 144.40 on 4H chart.

Good luck.

 

EJ short

EJ looks good to Short between 124.40-124.70 SL Open above 125 on 4H chart. See chart.

Files:
eur-jpy_1.gif  26 kb
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